Copper has spent the week wobbling above this major upsloping trendline. It has fallen almost 10% since September. If this starts to split, we'll be staring at a significant downside move.
Copper continues to test this neckline. The major mining stocks shown below are sideways for the last 3 months at best which is slightly outperforming the metals down move.
Keep watching. Offense or Defense.... and Good Trading.
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Greg Schnell, CMT